Best Momentum Trading Course

One of the core questions my coaching clients have asked me over the past few months is: “Can I still make money in stocks with the market down like its been?” The answer is yes, or no, depending on the type of investments you have.

If you hold stocks, stock mutual funds, or your investment is in the standard asset allocation accounts the answer is probably no. This is because these investments are held in large, regulated accounts that don’t allow short stock positions. This means that if the stock market goes down over the next 3-5 years, the accounts will lose money every single year.

Short positions, however, will allow you to make money whether or not the market goes down. These types of investments are only available to companies and individuals who trade individual accounts.

If you trade through your individual account rather than a fund, it is possible to for you to take charge of your own investment and make money in the stock market almost every day. That way, despite whether a stock value increases or decreases, you can make money, buy buying or selling short, as applicable.

If it’s that easy, why isn’t everyone doing it? It does take an investment of about $25,000 to set up your individual account. Some people don’t have the funds, or are reluctant to risk it in an individual account. And, it is true that stock trading for a novice can be very challenging. You could lose all your investment fast if you aren’t sure what to do.

There are tactics to alleviate these two concerns of the novice trader.

First, find a trading program that gives you low risk trade picks. The system I and my students use has stock pickers with an average experience level of thirty one years. With such experienced pickers, a trader can follow their picks with a high probability that they will profit from the trade. And if you set your stops to tie in with your personal risk tolerance level, your loss over time will be minimal.

Secondly, it’s important to find a program that walks you through every step to success. For example, in my 9 day trading class the students learn every aspect of using a turnkey system that is both safe and profitable to buy and sell short stocks, so that you can make money even if the stock market goes down.

Regardless of the system you choose, if you make sure that it has experienced advisors and a program that walks you through every step of the way, you can be smiling all the way to the bank while everyone around you is moaning about the poor performing stock market.

To read about other lessons I learned in my fifteen years as a day trader and coach, as well as tips and techniques for becoming successful at stock trading, even in a bad economy, read my free report “From Video Junkie to Day Trader,” and learn more about how you could be trading stocks profitably in as little as two weeks.

There are thousands of fallacies about the stock trading discipline that arouse fear in a new trader’s mind and prevent others from even trying their hand at it in the first place. As a successful trader for over 15 years, I prefer to take a more positive approach and deal with the prevailing truths that exist in the field of stock trading.  Here are just a few. 

1.You will be rewarded from stock trading by keeping your trades low risk on a regular basis. Sure, this attitude will result in you missing out on the occasional windfall that the movies have led us all to believe can happen all the time.But you will find that, over time, waiting and hoping for those godsend trades usually results in an insane loss that deteriorates the portfolio you worked so hard to build.Better to stay lower risk with steady profits over time if you are looking to make stock trading more than a hobby.

2.  You don’t have to spend all day trading to be extremely successful.  This does not have to be a full time job.  But please don’t misunderstand.I’m not implying that stock trading is another make money while you sleep angle.  It takes time and effort to learn the systems needed to achieve success at stock trading. But, by using GAP trading effectively, my trading day lasts between two and four hours, plus another hour of prep time.And, I earn a great living.  With the right system, you can too. 

3.Building on the knowledge and the experiences of other profitable traders can greatly accelerate your learning cycle.  Don’t start from scratch because it will take you 10 or more years and a lot of money to make all the mistakes others have already made.It is just resourceful business sense to build on the knowledge of others.  How many times do we hear “don’t reinvent the wheel”, then turn around and do just that?Instead, read works by successful traders, take courses, find advisors and coaches, and use the insights of others to make your journey more enjoyable and low risk. 

Stock trading is often portrayed as mysterious and hard for “regular guys” to understand.Take it from a “regular guy”, that is just not correct.  With the right systems in place and a working knowledge of the basic truths of stock trading, anyone can be successful. 

To read about other lessons I learned in my fifteen years as a day trader and coach, as well as tips and techniques for becoming successful at stock trading, read my free report “From Video Junkie to Day Trader,” and learn more about how you could be trading stocks profitably in as little as two weeks. 

More than ever before, computer trading is taking over the markets.There are computer programs to execute orders, scalp and arbitrage 1000s of times a day, and even programs and tools designed to exploit the weaknesses of other tools that are in the market.  There are hundreds of companies that have created sophisticated charting packages to help day traders find ideas, including day trading robots.  All of this points to the same thing:  computers are here to stay, its up to you as a day trader to figure out how to get the best tools to find ideas to make money.

This does not mean throw thousands of dollars at every "hot" product - this usually does nothing to generate anything useful.Additionally, each day trader can only focus on so many things at the same time, you do not need overload as that can actually backfire and make it far worse.  Some people like to use a day trading robot to help, others like to put together a set of indicators with some basic useage rules and that works for them.You need to establish a decent regimen for finding ideas that is followed the same way each time so that ideas are considtent.Those will never be consistent or valuable in the long run because of the sporadic nature of how they are created.

When it comes to computer tools to help you, there is an additional thing to consider:  you can get a program that allows you to custom write your own rules and indicators and then apply them in real time.This is a good options if you are a more experienced trader and have the programming knowledge (or want to learn) to get the job done.  This can be very very time consuming, and often you can spend hours or days of work only to discover that the theory you are testing is not valid and all the work is wasted.  In fact, if you go down this path, this will happen quite often but is part of the learning and development process.  Some day traders who go down this path will do part of it themselves, then get an outside person to help them finish some difficult parts.  Indicators are quite simple as far as complexity, and then you have the other end of the spectrum which is a day trading robot which usually is quite complex because of all the parts that go into creating such a tool, so plan your time accordingly.